Current Affairs Exam

At Rs 200 crore, growth budget cut to half

The has cut down the District Development Plan Scheme (D-Plan) budget by 50% during the financial year 2023-24.

The Department of Economic and Statistical Affairs (DESA) releases the funds under the DDP scheme every year which is distributed among all districts as per the set criteria of the government.

According to information, the state government had released a budget of Rs 400 crore during the financial year 2022-23. The DESA stated that Rs 120 crore has been earmarked for the General Component, while Rs 80 crore is meant for the Scheduled Castes Sub Plan component.

The department stated that the parking of funds in the banks had been prohibited and the funds would be released to all districts online. It should be ensured that all approved works are completed within this financial year whether they belong to the current financial year or to the previous financial year. The state government would not reallocate any fund which would remain unutilised on March 31, 2024, it stated.

Exit mobile version